iShares Global Comm Services ETF (NYSEARCA:IXP) Short Interest Update

iShares Global Comm Services ETF (NYSEARCA:IXP) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 12,947 shares, an increase of 309.1% from the February 12th total of 3,165 shares. Based on an average trading volume of 53,330 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 53,330 shares, the days-to-cover ratio is presently 0.2 days.

iShares Global Comm Services ETF Trading Down 1.4%

IXP stock traded down $1.68 during midday trading on Thursday, hitting $119.28. The company had a trading volume of 28,305 shares, compared to its average volume of 49,327. The stock has a market cap of $697.79 million, a price-to-earnings ratio of 19.46 and a beta of 0.87. iShares Global Comm Services ETF has a 52 week low of $86.38 and a 52 week high of $126.92. The stock’s 50 day moving average price is $121.42 and its 200 day moving average price is $122.03.

Institutional Investors Weigh In On iShares Global Comm Services ETF

A number of large investors have recently modified their holdings of IXP. Hsbc Holdings PLC purchased a new position in iShares Global Comm Services ETF during the second quarter valued at $78,708,000. PGIM Custom Harvest LLC increased its stake in shares of iShares Global Comm Services ETF by 25.3% in the 2nd quarter. PGIM Custom Harvest LLC now owns 399,185 shares of the company’s stock worth $44,836,000 after acquiring an additional 80,560 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of iShares Global Comm Services ETF by 16.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 385,010 shares of the company’s stock worth $46,632,000 after acquiring an additional 54,800 shares in the last quarter. Bank of America Corp DE lifted its position in iShares Global Comm Services ETF by 427.5% during the 2nd quarter. Bank of America Corp DE now owns 295,753 shares of the company’s stock valued at $33,219,000 after acquiring an additional 239,685 shares during the period. Finally, HighTower Advisors LLC lifted its position in iShares Global Comm Services ETF by 9,233.6% during the 4th quarter. HighTower Advisors LLC now owns 153,911 shares of the company’s stock valued at $18,657,000 after acquiring an additional 152,262 shares during the period.

About iShares Global Comm Services ETF

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.